Indian Renewable Energy Development Agency Limited has successfully completed its postal ballot process for capital raising through equity share issuance, with shareholders demonstrating overwhelming support through remote e-voting conducted in accordance with regulatory requirements.

Voting Results and Shareholder Participation

The postal ballot concluded on March 14, 2026, with exceptional participation across all shareholder categories. The company received strong endorsement for its capital raising initiative from its diverse shareholder base.

A total of 2751 shareholders participated in the voting process, with 2565 voting in favor and only 186 voting against the special resolution. The resolution received support from 2134936139 shares representing 99.99% of votes cast, while merely 172128 shares (0.01%) opposed the proposal.

Regulatory Compliance and Process Framework

The postal ballot was conducted in strict adherence to regulatory requirements under the Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The process was managed with complete transparency and regulatory compliance.

Scrutinizer Validation and Report

M/s P.C. Jain & Co., Company Secretaries, served as the appointed scrutinizer for the e-voting process, ensuring complete transparency and regulatory compliance throughout the postal ballot procedure.

The scrutinizer's report confirmed that the special resolution was deemed passed with requisite majority on March 14, 2026, being the last date specified for the remote e-voting process. The company has disclosed the complete voting results and scrutinizer's report as regulatory annexures, with information also made available on the company's website at www.ireda.in .

This successful resolution enables IREDA to proceed with its capital raising plans through equity share issuance, reflecting strong stakeholder confidence in the company's strategic direction and growth initiatives in the renewable energy sector.

IREDA has announced the completion of tenure for two Independent Directors, marking a significant change in its board composition. The company informed stock exchanges about this development through a formal communication dated March 06, 2026.

Directors Completing Tenure

The renewable energy financing company disclosed that two Part-time Non-Official Independent Directors have completed their tenure:

Regulatory Compliance

The tenure completion was executed in accordance with the Ministry of New and Renewable Energy Order dated March 06, 2023. IREDA has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company submitted detailed disclosures to both the National Stock Exchange of India Limited and BSE Limited, providing comprehensive information about the directorial changes as required under SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Communication

The formal intimation was signed by Ekta Madan, Company Secretary and Compliance Officer of IREDA. The communication included all necessary annexures detailing the changes in directorship as mandated by regulatory requirements.

This development represents a routine corporate governance matter as the directors completed their designated tenure period as per the original appointment terms established by the Ministry of New and Renewable Energy.